https://www.taxtmi.com/caselaws?id=281795 The appeals filed by Revenue against orders of Commissioner of Income Tax for Assessment Years 2013-14 to 2015-16, involving interest on late payment of TDS and u/s 220(2), were dismissed. The dispute centered on interpreting the term 'month' for interest levy u/s 201(1A), with the court holding 'month' as 30 days based on precedents. The consistent interpretation and compensatory nature of interest favored the assessee, leading to the dismissal of Revenue's appeals. The final order was pronounced on 3rd February 2016 in Ahmedabad. en-us Wed, 03 Feb 2016 00:00:00 +0530 Sun, 07 Jul 2019 09:54:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281795 The appeals filed by Revenue against orders of Commissioner of Income Tax for Assessment Years 2013-14 to 2015-16, involving interest on late payment of TDS and u/s 220(2), were dismissed. The dispute centered on interpreting the term 'month' for interest levy u/s 201(1A), with the court holding 'month' as 30 days based on precedents. The consistent interpretation and compensatory nature of interest favored the assessee, leading to the dismissal of Revenue's appeals. The final order was pronounced on 3rd February 2016 in Ahmedabad. Case-Laws Income Tax Wed, 03 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281795